How Monday and Tuesday Shape Up For The Week
The Dow Jones Industrial Average, S&P 100, NASDAQ 100 and Russell 2000 were all higher on a weekly basis though it did not seem like an up week due to the extreme volatility. The Big Picture [monthly bias] for the NASDAQ 100, the Dow Jones Industrial Average, Russell 2000 and the S&P 100 remain positive.
1.Geopolitical and Fiscal Events. Monday sees Federal Reserve Minneapolis President Neel Kashkari speak at 6:00 p.m. EDT. Tuesday sees the RBA release its latest interest rate decision. Tuesday also sees Federal Reserve Minneapolis President Neel Kashkari speak at 9:30 a.m. EDT.
2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as construction spending, factory orders, nonfarm payrolls and the unemployment rate.
3.Earnings Releases. Notable releases next week include CALM ISCA PLAY KMX LEN AYI MON WDFC.
Monday, April 2
Many markets around the world remain closed for Easter including Australia, Germany, Hong Kong and the United Kingdom.
February Construction Spending is reported at 10:00 a.m. EDT and is expected to rise to 0.40% from 0.01%.
PetIQ (PETQ) is a Type 1 Short Squeeze for the first time and holds its analyst call.
Tuesday, April 3
The Reserve Bank of Australia announces its latest monetary policy decision before markets open in the U.S.